Modal Labs
Modal is a high-performance AI infrastructure company that provides a serverless cloud platform for AI, machine learning, and data applications. Their unique offering allows developers to run generative AI models, large-scale batch jobs, and job queues without managing the underlying infrastructure. With a focus on developer experience, Modal enables rapid iteration and deployment, scaling from zero to thousands of GPUs seamlessly. The company has gained traction with a diverse range of use cases, including generative AI inference and computational biotech, positioning itself as a leader in the cloud development space.
Modal Labs
Modal is a high-performance AI infrastructure company that provides a serverless cloud platform for AI, machine learning, and data applications. Their unique offering allows developers to run generative AI models, large-scale batch jobs, and job queues without managing the underlying infrastructure. With a focus on developer experience, Modal enables rapid iteration and deployment, scaling from zero to thousands of GPUs seamlessly. The company has gained traction with a diverse range of use cases, including generative AI inference and computational biotech, positioning itself as a leader in the cloud development space.
TL;DR
What they do: Serverless AI-native compute platform for inference, training, batch jobs, sandboxes, and notebooks
Founded: 2021
Founders: Erik Bernhardsson and Akshat Bubna
Employees (approx.): 75
Funding to date (reported): $23M (as of Oct 10, 2023); company pages report >$110M
Company Overview
Problem Domain
Cloud infrastructure for AI, machine learning, and data workloads; developer experience for deploying and scaling compute-heavy applications.
Founded
2021
Industry
AI infrastructure / Cloud developer platform
Funding Track Record
$16,000,000
Round brought total raised to $23M as reported on Oct 10, 2023
Investor Signal
“Investors include Redpoint Ventures, Lux Capital, Amplify Partners, Definition Capital, Creandum, and Essence per company disclosures”